Blockchain: Manufacturing Market Forecast until 2025

September 2018

162 pages

ID: 5581104

In this report:

THE US IS EXPECTED TO ACCOUNT FOR A SHARE OF ##.##% OF THE BLOCKCHAIN IN MANUFACTURING MARKET IN NORTH AMERICA BY 2020; THE US BLOCKCHAIN IN MANUFACTURING MARKET IS PROJECTED TO GROW AT A CAGR OF ##.##% DURING THE FORECAST PERIOD.

NORTH AMERICA IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF ##.##% OF THE BLOCKCHAIN IN MANUFACTURING MARKET BY 2020, FOLLOWED BY EUROPE AND ASIA PACIFIC (APAC), WHICH ARE EXPECTED TO ACCOUNT FOR ##.##% AND ##.##%, RESPECTIVELY.

Summary

Table of Contents

Search Inside

The blockchain in manufacturing market is anticipated to rise at a significant rate from 2020 and 2025.

The blockchain in manufacturing market is anticipated to be worth $30.00M by 2020 and $566.20M by 2025, increasing at a compound annual growth rate (CAGR) of 80.00 percent from 2020 and 2025. Key factors driving the rise of the blockchain in manufacturing market contain blockchain-as-a-service solutions for companies; simplifying business processes and affording transparency and immutability; significant growth in venture capital investments and initial coin offerings ; growing demand for real-time data analyses, enhanced visibility, and proactive maintenance; increased emphasis on energy efficiency and cost of production; convergence of operational technology and information technology ; AI, IoT, blockchain and the future of manufacturing market; and rise in overall blockchain-related patent filings. Strategies including product launches and advancements, strategic agreements, collaborations, joint ventures (JV), and alliances approved by market actors are fueling the increase of the blockchain in manufacturing market. Nevertheless, uncertain regulatory landscape and absence of common set of standards are selecting the rise of the blockchain in manufacturing market.

Logistics and supply chain management applications to account for the largest part of market share from 2020 to 2025.

Logistics and supply chain management applications are anticipated to account for the biggest market share during the outlook period.With blockchain, intermediaries can be taken out of the equation to streamline the flow of supply chain operations; it also allows all transaction data across networks to be synchronized, enabling participants validate each other's work.

In 2017, IBM and Maersk tested the application of blockchain in logistics. In a proof-of-concept, the 2 firms demonstrated how blockchain can be used to track on-transit containers, and how supply chain stakeholders can benefit from accessing relevant, actionable information.

Blockchain in manufacturing market in the APAC area is forecast to grow at the highest compound annual growth rate (CAGR) from 2020 to 2025.

China (CN), India (IN), Australia (AU), and Singapore (SG) are witnessing a significant increase in the number of startups focusing on blockchain.Here, institutions have started joining different conferences to brainstorm and understand the value of blockchain.

For example, the APAC Blockchain Conference was formed by 420 participants from diverse industry verticals and Australian Digital Commerce Association to explore blockchain in depth.

China (CN) is the biggest manufacturing hub in the globe and is actively working on its smart manufacturing strategy to expand its manufacturing market and reform and strengthen the Chinese economy over the next 10 years.The government is working toward implementing the "Made in China 2025" strategy, to seek innovation-driven developments, apply smart technologies, strengthen foundations, pursue green development, and redouble its efforts to transform China's manufacturing model from quantity centric to being quality centric.

Manufacturing accounts for about a fifth of Singapore's GDP, and the Government of Singapore is taking aggressive steps toward adopting IoT in manufacturing. Firms in Singapore (SG) are working toward achieving Sector 4.0, integrating autonomous robots, big data and analytics, blockchain, augmented reality, additive manufacturing, IIoT, horizontal and vertical systems integration, simulation, cloud, and cybersecurity. The Government of Singapore is working toward IT infrastructure development to provide a quick, secure, and reliable network to support hundreds of billions of industrial devices. The Indian blockchain market has taken the technology's adoption to the next level, where the integration of pilots and production-ready applications can be seen. With an rising interest of the government, technology giants, and domestic startups on multiple platforms, the area is anticipated to witness an exponential adoption of the blockchain technology.

The break-up of the profiles of primary members taking part for the analysis has been provided below.

IBM Corporation, Microsoft Corporation, Amazon.com, Incorporated, and Intel Corporation are among the main players in the blockchain in manufacturing market.

Segment Research

The blockchain in manufacturing market, in this industry report, has been split by application, end use, and territory.The industry established on application has been divided into predictive maintenance, asset tracking and management, business process optimization, logistics and supply chain management, real-time workforce tracking and management, quality control and compliance, and counterfeit management.

The blockchain in manufacturing market established on end use has been broken down into energy & power, industrial, automotive, pharmaceuticals, aerospace & defense, food & beverages, textile & clothing, others (electronics, printing, chemicals).

Main highlights

Figures of segmentation, study, and estimate for the sector, by application, end use, and area have been provided to give an global view of the blockchain in manufacturing market.

A value chain review pertaining to the blockchain in manufacturing ecosystem has been included to provide a detailed insight into the blockchain in manufacturing market.

Main drivers, market restraints, alternatives, and opportunities for the blockchain in manufacturing market have been provided in the research report.

The market research includes an exhaustive competitive analysis and revenues of main actors.

Our reports have been used by over 10K customers, including:

Get Industry Insights. Simply.

Latest reports & slideshows with insights from top research analysts

150+ Million searchable statistics with tables, figures & datasets

More than 25,000 trusted sources

Single User License — provides access to the report by one individual.

Department License — allows you to share the report with up to 5 users

Site License — allows the report to be shared amongst all employees in a defined country

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at Eurotherm by Schneider Electric

FAQ

How we can help

I am not sure if the report I am interested in will fulfill my needs. Can you help me?

I have had negative experiences with market research reports before. How can you avoid this from happening again?

We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

Report Delivery

How and when I will receive my Report?

Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.

Payment conditions

What payment methods do you accept?

Credit card : VISA, American Express, Mastercard, or

You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or

You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker

What are ReportLinker’s Payment Terms?

All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.

Are Taxes and duties included?

All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.

I’m not satisfied. Can I be refunded?

No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.

User license

The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

Global Blockchain in Agriculture & Food Market Anticipated to Reach $1.4 billion by 2028Since the early 2000s, the global agricultural industry has witnessed a massive transformation owing to the increasing ...

This IDC Perspective discusses SAP applications to drive digital transformation in manufacturing and supply chain. The report discusses how various technologies such as cloud and blockchain can function ...

An Overview and Impact Assessment on Energy and Industrial ApplicationsThe rising demand for faster and secure payments by banks and end-users along with full transparency has made Blockchain one of the ...